FIIs trim their holdings in 12 private banks in second quarter of FY20

Foreign institutional investors (FIIs) have trimmed their holdings in 12 private banks in the September quarter amid concerns over a build-up of stress in mid-sized companies and small and medium enterprises (SMEs).

Within the BSE-500 universe, mid-sized private banks are the ones to see deeper cuts in FII stakes. For instance, Karnataka Bank saw its FII stake reduced by 167 basis points (bps) to 13.7 per cent in the September quarter from 15.37 per cent in the June quarter. 

Federal Bank (246 bps), City Union Bank (133 bps), ICICI Bank (117 bps), HDFC Bank (80 bps), DCB Bank (43 bps),